DLocal (NASDAQ:DLO) Shares Gap Up – What’s Next?

DLocal Limited (NASDAQ:DLO) shares gapped up prior to trading on Monday . The stock had previously closed at $8.33, but opened at $8.50. DLocal shares last traded at $8.29, with a volume of 94,017 shares traded.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on DLO. Morgan Stanley restated an “equal weight” rating and issued a $10.00 price objective (down previously from $11.00) on shares of DLocal in a report on Friday, February 28th. Susquehanna upped their price target on shares of DLocal from $14.00 to $16.00 and gave the company a “positive” rating in a report on Wednesday, January 29th. The Goldman Sachs Group lifted their price objective on shares of DLocal from $9.00 to $10.00 and gave the stock a “neutral” rating in a research note on Thursday, February 13th. Barclays cut their target price on shares of DLocal from $10.00 to $9.00 and set an “equal weight” rating for the company in a research note on Monday, March 3rd. Finally, JPMorgan Chase & Co. upgraded shares of DLocal from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $14.00 to $18.00 in a research report on Wednesday, February 26th. Seven research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $11.94.

DLocal Trading Up 3.2 %

The company’s 50-day moving average is $11.19 and its 200 day moving average is $10.49. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 0.01. The firm has a market cap of $2.55 billion, a PE ratio of 21.53, a P/E/G ratio of 3.09 and a beta of 0.96.

DLocal (NASDAQ:DLO) last released its earnings results on Thursday, February 27th. The company reported $0.15 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.15. DLocal had a return on equity of 32.59% and a net margin of 16.35%. The company had revenue of $204.49 million during the quarter, compared to analyst estimates of $204.98 million. As a group, sell-side analysts predict that DLocal Limited will post 0.47 EPS for the current year.

Hedge Funds Weigh In On DLocal

Several institutional investors and hedge funds have recently bought and sold shares of the business. Wells Fargo & Company MN boosted its holdings in shares of DLocal by 398.4% during the fourth quarter. Wells Fargo & Company MN now owns 2,248 shares of the company’s stock worth $25,000 after purchasing an additional 1,797 shares during the period. Activest Wealth Management lifted its position in DLocal by 265,600.0% in the 4th quarter. Activest Wealth Management now owns 2,657 shares of the company’s stock worth $30,000 after buying an additional 2,656 shares in the last quarter. Parvin Asset Management LLC acquired a new stake in shares of DLocal during the 4th quarter valued at $55,000. R Squared Ltd purchased a new position in shares of DLocal during the 4th quarter valued at $82,000. Finally, Virtu Financial LLC acquired a new position in shares of DLocal in the fourth quarter worth $142,000. Hedge funds and other institutional investors own 90.13% of the company’s stock.

DLocal Company Profile

DLocal Limited operates a payment processing platform worldwide. The company offers pay-in solution which the business and get paid for their products and services through various payment methods, including international and local cards, online bank transfers and direct debit, cash, and alternative payment methods.